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Bank of America Small Biz Loans, Insights, Plus Manufactured Housing Market Updates

April 26th, 2018 No comments

CNNmoney4.26.2018ManufacturedHomeStocksMarketsReportsMHProNewsSharon Miller with Bank of America provided keen insights on small business services, their enthusiasm, concerns, and related. That will be our focus report this evening. 

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • 6 new Gmail features worth trying — and how to get them now
  • Meet the new Gmail, now with disappearing messages
  • When a robot is your co-worker
  • The US has moved on Huawei and ZTE. That doesn’t bode well for Alibaba
  • Will Amazon’s winning streak continue?
  • Goldman Sachs warns against falling in love with stock buybacks
  • Pepsi vs. Coke — the new cola wars are here
  • Domino’s delivers awesome sales and profits
  • Chipotle stock soars nearly 10%, thanks to price hikes and new stores
  • Why corporatizing feminist messages doesn’t really help women
  • One of the most powerful women at Nike shares how to run a successful team
  • How Richard Branson went from high-school dropout to billionaire entrepreneur
  • Snapchat takes another swing at Spectacles
  • Snapchat can’t catch a break
  • Oil prices could keep rising. Here’s why
  • Deutsche Bank profit plummets 79%
  • The big myth about America’s pension crisis
  • Starbucks will try to get past PR crisis by wowing Wall Street
  • Southwest bookings fall after fatal accident
  • Who loses if Trump kills the Iran deal?
  • Trump’s call to ‘Fox and Friends’ explains why we don’t hear much from him
  • Trump furious with his Justice Dept.
  • How the NFL draft went from a hotel ballroom to an all out spectacle

Selected headlines and bullets from Fox Business:

 

  • Stock markets rally on boost from technology
  • Wells Fargo under fire for retirement plan practices
  • UPS offers early retirement to managers to cut costs
  • Mortgage rates climb to highest level in four years
  • NFL draft rookie contract scale: How much players will earn
  • As usual, quarterbacks are expected to be hot commodities.
  • California gasoline tax hike repeal said to draw sufficient support for November ballot
  • Mike Pompeo owned Kansas aerospace company before political career
  • Chipotle surges as higher menu prices boost earnings
  • War for talent shakes up small business in US
  • Levi’s jeans draw New York City environmental protest
  • Subway could close up to 500 North American restaurants
  • John Kerry joining TPG’s Rise Fund
  • Apple iPhone sales suffer in China as demand sees record decline
  • Tesla problems for Elon Musk piling up

 

Today’s markets and stocks, at the closing bell…

S&P 500 2,666.94 +27.54(+1.04%)

Dow 30 24,322.34 +238.51(+0.99%)

Nasdaq 7,118.68 +114.94(+1.64%)

Russell 2000 1,557.89 +7.43(+0.48%)

Crude Oil 68.19 +0.14(+0.21%)

Gold 1,318.40 -4.40(-0.33%)

Silver 16.49 -0.02(-0.10%)

EUR/USD 1.2103 -0.0059(-0.49%)

10-Yr Bond 2.99 -0.03(-1.12%)

 9MarketIndicatorsYahooFinance4.26.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue4.26.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Sharon Miller talks about small business optimism, on US economy, lending, regulations and more with a panel on right-of-center Fox Business.

SharonMillerSmallBusinessBankofAmericaManufacturedHousingIndustryDailyBusinessNewsMHProNews

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

4.26.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

HUD Secretary Ben Carson Praises Manufactured Housing, and the Manufactured Home Industry’s Importance to Solve Affordable Housing Crisis

April 26th, 2018 No comments

MHIIMHADailyBusinessNewsMHProNEws

The “U.S. Department of Housing and Urban Development (HUD) Secretary Ben Carson reaffirmed his commitment to reforming the Department’s manufactured housing program,” said the IMHA in a statement to the Daily Business News.

 

Secretary Carson stated the importance of manufactured housing as a source for addressing the nation’s affordable housing crisis and that HUD’s approach to the regulation of manufactured housing should change,” the Indiana state association said.

According to the economists, we are experiencing the biggest jump in housing prices in four years – prices are rising while the supply of housing is getting smaller. It’s basic supply and demand,” said Secretary Carson, M.D.  “That’s why everyone in this audience and the manufactured housing industry is so important – and that’s why I am here today.  You are a big part of the solution to providing unsubsidized, quality, affordable housing.”

The comments echoed what he said recently to a Senate oversight hearing in the video, posted below.

Secretary Carson said, “HUD is now positioned to usher in a new era of cooperation and coordination with your industry.  Make no mistake, we understand how you are vital to our economy and to our agency’s goal of making safe, quality, desirable and affordable homes for millions of hard working Americans.”

 

Secretary Carson recognized the work the industry is doing to make homes more affordable, while creating good jobs.

Secretary Carson noted that the Trump Administration appreciates all the efforts underway in the industry, specifically citing the use of a number of American suppliers and products when constructing manufactured homes.

Unlike his predecessor, Secretary Julian Castro who appeared at an MHI event via video, Dr. Carson made a personal appearance at the Manufactured Housing Institute (MHI) annual meeting in Las Vegas. The Trump Administration has been widely seen as more business and regulatory friendly than prior ones. ## (News, analysis, and commentary.)

NOTICE: Exclusives from HUD, and Attendees about Secretary Carson’s comments at MHI will be part of an upcoming report. Sign up for our emailed news updates for that notice, and to stay up with all of the industry’s most popular, best and most independent fact-based converge.

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Related Reports:

“Move, Open, Live” De Rose Industries & Senator Thom Tillis’ Mobile Home Comments

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1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Californians Addressing Affordable Housing with $300 Million “Robin Hood” Plan, Including Manufactured Homes, ADUs

April 26th, 2018 No comments

LyndaHopkins5thDistrictSonomaCountyCAManufacturedHousingIndustryDailyBusinessNewsMHproNEws

In response to the more than 5,000 homes destroyed in the October firestorm, stakeholders and county supervisors are pushing for a $300 million housing bond to be placed on the November ballot,” says Sonoma West.

 

The plan would include funds to upgrade or replace manufactured homes, or could be used for Accessory Dwelling Units (ADUs), which are often prefabs or modular.

A survey indicates 71 percent of voters support the November ballot measure.

Other CA jurisdictions have passed similar measures. “There’s a tremendous need county wide for affordable housing,” Lynda Hopkins said. “After the catastrophic fires the need only intensified.Lynda Hopkins is the Fifth District Supervisor, and spoke to the Sebastopol City Council.

SonomaCOuntyCalinforniaManufacturedHousingIndustryDailyBusinessNewsMHProNews_001

Sonoma County is near the red-hot Bay area housing market.

Supervisors are expected to consider a formal vote to put the bond on the ballot sometime in July. The Press Democrat reports 5,300 homes were destroyed in the fires that hit their county, and likewise devastated other parts of the state last year.

Sonoma West says the funding would come from, an increased “tax rate of $19.53 per $100,000 of assessed value, with a term of 26 years and a assumed interest rate of 4.56 percent, according to a working draft of the bond,” thus the term Robin Hood tax, taking from ‘richer’ property owners, and giving it to others. 

Whatever position the county takes, wouldn’t a more accepting use of manufactured homes on infill and other sites offer a private sector solution to the problem?

Out of this came a desire for a cross-jurisdictional, regional approach to addressing our affordable housing crisis,” Hopkins said.

Supervisors approved efforts to place the bond on the ballet during their April 17 regular meeting. Later that day, Fifth District Supervisor Lynda Hopkins spoke to the Sebastopol City Council to encourage feedback and support.

TheSystemHasFailedPressDemocratManufacturedHousingINdustryDailyBusinessNewsMHProNews

There’s a tremendous need county wide for affordable housing,” Hopkins said. “After the catastrophic fires the need only intensified.”

Sonoma County officials said similar affordable housing bonds in Alameda, San Mateo and Santa Clara counties have successfully been approved by voters. Hopkins said the county received positive feedback from a formal poll they undertook as part of the housing bond initiative several months ago.

In the poll, 71 percent of responders gave positive feedback to a proposed housing bond of more than the current $300 million proposed bond.

Out of this came a desire for a cross-jurisdictional, regional approach to addressing our affordable housing crisis,” Hopkins said, adding – ”This is in many ways a Robin Hood tax, where those with high-assessed property values are going to be contributing hugely to this bond.”

The county’s issues are a microcosm of what is happening in the nation’s most populous state. Housing affordability is perhaps the most pronounced in California. So on the one hand, it is encouraging to see manufactured homes being considered in this mix.

At the same time, CA is several ways, one of the more NIMBY – Not In My Back Yard – states.

As a consequence of NIMBY, “In 2016, according to the 2018 housing assessment of the California Department of Housing and Community Development, the state faced a shortfall of more than a million units for households earning between 50% and 120% of the median…” income.

If 1/3 of that million unit shortfall was filled by manufactured homes over 5 years, it would be an a huge increase over the 13,898 homes HUD Code manufactured homes sold in the that state in the 6½ years since August 2011 through February 2018.

It’s a clear example of obstacles and opportunities. The same needs exist in numerous markets from Hawaii to Boston, MA, or from Alaska to Florida. According to the researchers in the related report linked below, the choking off of affordable housing is costing the nation some $2 trillion dollars a year. ## (News, analysis, and commentary.)

Related Report:

YIMBY vs. NIMBY, Obama Admin Concept Could Unlock $1.95 Trillion Annually, HUD & MH Impact

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1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

“Wealthier Class of Buyers” for Manufactured Homes, Wall Street Journal Video

April 26th, 2018 No comments

WallStreetJournalWSJUpscaleManufacturedHomesDailyBusinessNewsMHProNews

Mobile homes” * [SIC] have traditionally served less affluent buyers, says the Wall Street Journal (WSJ), in the video posted below.

 

That may be statistically true, but the WSJ correctly points to a trend of a wealthier class of manufactured home buyers.

 

 

That’s not new for regular readers of MHLivingNews.com. We’ve interviewed a number of millionaires who live in manufactured homes, and have reported on the rich, famous and even billionaires who own their own HUD Code manufactured home.

But it may be a surprise to tens of millions of Americans.

The data from an upcoming report on the Daily Business News will underscore both the obstacles and the opportunities that the manufactured home industry has, today. Stay tuned for the news that can help you navigate the challenges, and by following common sense realities, could significantly grow your business.

Stay tuned…  ## (News, analysis, and commentary.)

  • Note: “SIC” means the typo or technical error is found in the original.

Related Report:

The Ultimate Manufactured Home Industry Fact$, Data, and Insights – Bullets plus at-a-Glance Infographic

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Sen. Kirsten Gillibrand’s (D-NY) Bill Would Provide Loans at U.S. Post Offices, Plus MH Market Updates

April 25th, 2018 No comments

CNNmoney4.25.2018ManufacturedHomeStocksMarketsReportsMHProNewsSenator Kirsten Gillibrand’s (D-NY) Postal Banking Act, would make retail banking services available at some 30,000 post offices nationally.  That will be our market focus for tonight.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

 

  • Workers and shareholders call GE an ’embarrassment’
  • Indians flock to America’s ‘golden visa’ as H-1B route closes
  • Tell us: How have the income tax cuts affected you?
  • Snapchat redesigns its app again. Stock plunges
  • Dow snaps longest losing streak in a year
  • CEO under fire for $100 million paycheck
  • Why it’s a great time to look for a job
  • How do you talk about fertility at work?
  • Can Hulu keep ‘The Handmaid’s Tale’ momentum going?
  • Fox News twists CNN’s Acosta’s words about threats to journalists
  • Comcast offers $31 billion for Sky, setting up showdown with Fox
  • Heads up Starbucks! The world’s second biggest coffee chain is gearing up
  • India’s hotly contested mobile market gets new mega merger
  • Trump says Mnuchin will visit China for trade talks ‘in a few days’
  • Should I get out of the market until it returns to sanity?
  • Even rising mortgage rates won’t stop homebuyers
  • Home prices are on an epic run
  • Diet Coke’s new flavors are a big hit
  • Lululemon has made a big comeback since its sheer pants nightmare
  • Boeing earnings are good and getting better
  • Google’s spending spree rattles Wall Street
  • Twitter is profitable again and adding users
  • Wine is about to get a lot more expensive
  • Meet the new Gmail, now with disappearing messages
  • Amazon unveils colorful Echo Dot for kids
  • Here’s what Facebook won’t let you post

Selected headlines and bullets from Fox Business:

  • Dow rises as Boeing results buoy stocks
  • Amazon earnings: A big surprise could be in store
  • Apple CEO Tim Cook meets Trump at White House
  • GM adding 700 workers at SUV plant in Tennessee
  • Retirees will likely be disappointed with their Social Security checks
  • Lowered expectations may be in order, survey findings indicate.
  • Airbnb could save US government $4.1B in decade, company says
  • Amazon, Google trading suspended on NYSE, proceeding elsewhere
  • General Electric liquidation would be a ‘fool’s errand’: Bob Wright
  • GM earnings under pressure as sales cool off
  • Virgin America has flown its final flight
  • Former GE CEOs Welch, Immelt trashed at annual meeting
  • Mnuchin, IRS urge you to check your paycheck
  • Huawei said to face federal probe over Iran sanctions compliance
  • After tax overhaul, mortgage interest deductions seen plummeting

 

Today’s markets and stocks, at the closing bell…

S&P 500 2,639.40 +4.84(+0.18%)

Dow 30 24,083.83 +59.70(+0.25%)

Nasdaq 7,003.74 -3.62(-0.05%)

Russell 2000 1,550.47 -2.81(-0.18%)

Crude Oil 68.04 +0.34(+0.50%)

Gold 1,324.80 -8.20(-0.62%)

Silver 16.53 -0.17(-1.01%)

EUR/USD 1.217 -0.0063(-0.52%)

10-Yr Bond 3.02 +0.04(+1.37%)

 9MarketIndicatorsYahooFinance4.25.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue4.25.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

  • A bill put forth by Sen. Kirsten Gillibrand, D-N.Y., aims to make loans more affordable by offering retail banking services at the U.S. Postal Service,” says CNBC.
  • The proposal opens questions as to how the loans will be paid for and serviced.
  • While the odds this year on this passing would be low, what happens after the midterms could change the calculus on a bill like this in the future.
  • Its one for manufactured housing pros to watch. Gillibrand’s logic on this bill, could it extend to manufactured home loans later?
  • The legislation, called the Postal Banking Act, would make retail banking services available at all U.S. Postal Service locations. That amounts to 30,000 post offices nationwide.

TweetsSenKirstenGillibrandManufacturedHousingIndustryDailyBusinessNewsMHProNews

 

SenatorKirstenGillibrandBillTurnsPostOfficesIntoBanksManufacturedHousingIndustryDailyBusienssNewsMHProNews

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

4.25.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

(Image credits and information are as shown above, and when provided by third parties, are shared under fair use guidelines.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

Breakup “Massive Power” of Giants, “Subvert Our Democratic Process” Says Senator Cruz, & MH CEO’s Call for “Fully Competitive Housing Access”

April 25th, 2018 No comments

SenatorTedCruzWikimediaManufacturedHousingIndustryDailyBusinessNewsmHProNEws

Senator Ted Cruz added his voice to the voices across the left-right spectrum that are calling for a use of federal antitrust laws to break up the massive power” of giant companies that “subvert our Democratic process.

 

Cruz (R-TX) was responding to Joel Pollack’s question on Breitbart radio about the challenge of “censorship of conservatives” on Facebook and across the broader internet landscape.

Once more, the Daily Business News underscores the noteworthy point of the rising voices that are calling for more regulation – or an outright breakup – of giant conglomerates.  You don’t get much more left than Senator Elizabeth Warren (D-MA) and Representative Maxine Waters (D-CA), or more right than Senator Ted Cruz.

President Trump has pointed to specific companies, like Amazon, and concerns over monopolistic practices.

 

Cruz on Tech Giants and “Censorship”

Breitbart reports that Cruz said, “I think, number one, the growing power of tech to censor speech is a profound threat. We’re seeing now some two-thirds of Americans are getting their news through social media, and these tech companies are hard-left. They are are partisan Democrats, and what we’re seeing is they’re amplifying the views they agree with, those of liberal Democrats, and they are suppressing the views of conservatives. They are blocking conservatives.”

Its noteworthy that Facebook founder Mark Zuckerberg told Congress that the Silicon Valley tech giants have a reputation for being left-leaning.  So Cruz’s concern is not hyperbole, when Zuckerberg admits the reality.

 

Industry CEO Segues Implication of Monopolies for Housing Industry

In a comment to MHProNews,If unfettered access to the internet is important — and it is — then full access to affordable home ownership, within a fully competitive market, is even more important, as it serves a basic and essential human need,” said Mark Weiss, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

MHARR is non-partisan, and represents the interests of independent producers of HUD Code manufactured housing.

MHARR is one of several voices in manufactured housing that have directly or obliquely raised concerns about monopoly power, and how it impacts the manufactured housing industry.

Left-of-center Bloomberg’s reported that one of Warren Buffett’s biggest concerns is of a breakup.

 

Back to Cruz – Scope of Power “Unprecedented”

Cruz said, “The scope of the power is truly unprecedented. You think back to the heights of yellow journalism, when publisher William Randolph Hearst controlled much of media and in fact got America into the Spanish-American War. These tech companies have power William Randolph Hearst could never have imagined.”

The ability, if there’s a view they dislike, simply to silence it so that if you put a post out there, if you put a tweet out there, it simply goes into the void, into oblivion, and no one sees it. Likewise, they have the ability, if there are views they want to promote, to just have everything on your feed be the views they want to promote. That is invidious. It is invisible, and it is profoundly dangerous,” stated Cruz.

Cruz proposed exposing technology firms to libel lawsuits to curb their political manipulation of the availability of information on their platforms.

Responding to Pollack’s question, the Texas senator said, “Now your question is a hard one and a good one. What remedies are there? I would say there are principally two.”

 Those two?

Number one, the question I asked Mark Zuckerberg, the opening question was, ‘Does Facebook consider itself a neutral public form?’ He danced around and refused to answer that. The reason the question matters is much, is under current law, Facebook and other tech companies have immunity from liability, so if someone posts something on their site, they can’t be sued for it, and it’s under what’s called the Communications Decency Act, section 230. The entire reason Congress enacted section 230 was under the assumption these tech sites would be neutral public forums, [that] they would allow people to be speaking. So the reasoning was, we’ll protect you from being sued because it’s not you speaking, it’s somebody else. Well, if Facebook and the other tech companies are going to choose instead to be partisan political speakers, they have a right to do that. They’ve got a First Amendment to become and to be partisan political speakers, but there’s no reason on Earth they should get a special immunity from liability from Congress.”

Cruz also floated the use of antitrust laws to curb technology companies’ power.

He said, A second remedy is considering using anti-trust laws. By any measure, Facebook is larger and more powerful than Standard Oil was the antitrust laws broke it up. It’s larger and more power than AT&T was when antitrust laws broke it up and given that, I think we need to have serious consideration about the massive power we’re seeing of these tech companies to subvert our democratic process.”  ##
(News, analysis, and commentary.)

Related Reports:

NY Stern University’s Scott Galloway on Facebook Founder Mark Zuckerberg’s Capitol Hill Hearings

Buffett Blasts Trump, via Classic Twist

Manufactured Housing – Regulatory, Other Roadblocks and Potential Solutions, Up for Growth Research, plus Urban Institute Report Revisited

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To report a news tip, click the image above or send an email to iReportMHNewsTips@mhmsm.com – To help us spot your message in our volume of email, please put the words NEWS TIP in the subject line.

1) To sign up in seconds for our MH Industry leading emailed news updates, click here.EmailedMHProNewsHeadlineNewsDailyBusinessNews

2) To provide a News Tips and/or Commentary, click the link to the left. Please note if comments are on-or-off the record, thank you.

3) Marketing, Web, Video, Consulting, Recruiting and Training Resources

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Gary Shiffman, Chairman and Chief Executive Officer Sun Communities (SUI), Statement$, Video

April 25th, 2018 No comments

GaryShiffmanSunCommunitiesChairmanCEOCrainsManufacturedHomeCommunitiesIndustryDailyBusinessNewsMHProNews

Sun Communities (SUI) First Quarter of 2018 performance results are out.

 

Sun’s Gary Shiffman is talking about it.

DeerwoodCaseStudyOrlandoFLStrategicAquisitionsSunCommunitiesSUI-InvestorPage15ManufacturedHomeCommunitiesIndustryDailyBusinessNewsMHProNews600

We started 2018 on a positive pace posting $1.14 in core FFO per share which is at the top end of our guidance range. All cylinders are firing on our operations front and both, our manufactured housing and high RV components driven by outperformance in our rental program and home sales net profit, as well as lower than expected interest expenses,” said Gary Shiffman, Chairman and Chief Executive Officer (CEO) of Sun Communities (SUI), per Seeking Alpha’s investor call transcript.

Same community revenue growth for the quarter was 5.7%. We did experience 6.6% same community expense growth in the quarter, the majority of which related to a one-time reserve increase for certain general liability claims and increased utility usage in the Midwest, Texas and Florida which we attribute to significantly lower temperatures for the period. Demand for the high quality lifestyles Sun delivers remains robust. For the quarter, Sun gained 616 revenue producing sites which included outperformance in RV conversions from transient to annual sites. Home sales volume rose 1.3% to 837 homes in the quarter, driven by an almost 40% increase in new home sales. The bulk of our over 100 new home sales in the quarter were in Florida, Arizona, South Carolina and Texas highlighting the diversification and increased demand throughout the portfolio,” said Shiffman.

SunQ12018BalanceSheetsManufacturedHomeCommunitiesREIT-SUI-DailyBusinessNewsMHProNewsSun – along with other REITs and portfolio operators in the manufactured home community market – have often turned to rentals in recent years.  The return of higher home sales levels is thus a positive signal for detail-minded industry observers, professionals and investors.

In the quarter, we also completed the construction of 246 expansion sites and two manufactured housing communities that will contribute to revenue growth as these sites lease up over the coming quarters. The Company remains on pace to complete construction of approximately 1,350 expansion sites in 16 communities of which 1,000 are in 12 manufactured home communities and 350 are in 4 RV Resorts by the end of 2018. On a final growth front, our ground up developments continue to progress, the construction work at our 332 site Cava Robles RV Resort is nearly complete. The resort is now accepting reservations and is scheduled to open by the end of second quarter. Construction at Carolina Pines are 840 site development at South Carolina began in the first quarter and we expect to complete approximately 470 sites by the second quarter of 2019,” Shiffman said.

The SUI supplemental package is linked here as a download.

A recent look by MHProNews at Sun Communities IR snapshots, is linked below.

Sun Communities Annual Data and Manufactured Housing Industry Investor Presentation Highlights

Shiffman’s 20th Anniversary as Public Company Video

As background color, this video of Shiffman provides some interesting context.  Listen to his facts then, and compare it to the growth in roughly the last 5 years.

Sun is shown as #1 in the latest list of manufactured home communities, for that list, click here or below.

Sun (SUI) is one of the stocks tracked by the Daily Business News evening market recap and data summary.  For last nights numbers, click here.   ## (News, analysis, and commentary.)

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Citing Justice Department Ruling, MHARR Calls on HUD to Repeal Regulatory Guidance Documents

April 25th, 2018 No comments

DepartmentofJusticeLogoHUDlogoManufacturedHousingAssociationforRegulatoryReformLogo525x310

The Justice Department [DOJ], which is charged with bringing civil actions to enforce federal health and safety laws, has now made it crystal clear that HUD may not use sub-regulatory ‘guidance’ documents that have not been considered by the MHCC and have not gone through rulemaking, in order to impose new or modified mandates on manufacturers of HUD Code homes, and new unnecessary costs on manufactured home purchasers,” said Mark Weiss, President and CEO of the Manufactured Housing Association for Regulatory Reform (MHARR).

 

MarkWeissJDPresidentCEOManufacturedHousingAssocRegulatoryReformDailyBusinessNewsMHProNewsFrom their offices in Washington, D.C.,  Weiss said in a statement to the Daily Business News that, The tragedy is that Congress itself said exactly the same thing nearly two decades ago when it included section 604(b)(6) in the Manufactured Housing Improvement Act of 2000.”

The rephrasing, the DOJ and the Trump Administration are reemphasizing the common sense notion that the law should be followed, as opposed to guidance or other documents that have not gone through the proper rule making process. In the case of manufactured housing, the process includes the Manufactured Housing Consensus Committee, or MHCC.

The time has come for HUD to finally obey the law as written, and its ongoing EO 13771/13777 review of all existing and pending regulations and “regulatory actions” offers the perfect opportunity for HUD to formally renounce both the fatally-flawed 2010 “Interpretive Rule” and its pile of invalid pseudo-regulatory “guidance” documents – before the Justice Department, or a federal judge, does it for them,”  said Weiss.

Weiss statements fit with principles outlined by MHProNews editorially and in regulatory comments letter t HUD in January.

The balance of the MHARR release to MHProNews reads as follows.

MHARR CALLS FOR REPEAL OF HUD   

MANUFACTURED HOUSING “GUIDANCE” DOCUMENTS

Washington, D.C., April 25, 2018 – The Manufactured Housing Association for Regulatory Reform (MHARR), citing recent rulings by the U.S. Department of Justice (DOJ) stating that DOJ would no longer use its authority to enforce Executive Branch agency “guidance” documents in civil court enforcement actions relating to alleged violations of federal health, safety, civil rights and environmental laws, has called on HUD to formally repeal manufactured housing regulatory “guidance” documents which should have been published for notice and comment and subjected to Manufactured Housing Consensus Committee (MHCC) review pursuant to section 604(b)(6) of the Manufactured Housing Improvement Act of 2000, but were not. MHARR, in the same April 25, 2018 communication (copy attached), also calls on HUD to repeal a 2010 “Interpretive Rule” which erroneously construes section 604(b)(6) of the 2000 reform law to require notice and comment rulemaking and MHCC consensus review only for HUD regulatory actions that would otherwise constitute “rules” within the meaning of the federal Administrative Procedure Act (APA).

For decades, the HUD manufactured housing program used “guidance” and other psuedo-regulatory pronouncements to evade the rulemaking requirements of both the APA and the original Manufactured Housing Construction and Safety Standards Act of 1974.  When Congress sought to put an end to this abusive practice by including section 604(b)(6) in the Manufactured Housing Improvement Act of 2000 – which, on its face, requires prior MHCC review and rulemaking for any new or modified “policies, practices or procedures” relating to “standards, regulations, inspections, monitoring or other enforcement activities” – HUD promptly ignored Congress’ clear directive, ultimately issuing the 2010 Interpretative Rule, which effectively and unlawfully read section 604(b)(6) out of the law, by limiting its application to “rules” that already require rulemaking under the APA.

This action to negate the clear and unambiguous will of Congress (with the passive acceptance of some within the industry), effectively opened the floodgates to a train of ever-increasing abuses during the Obama Administration – and particularly under the tenure of former program Administrator Pamela Danner – which saw multiple new, costly and needlessly burdensome de facto regulatory mandates imposed by HUD via “field guidance” and so-called “Standard Operating Procedures,” which were never brought to the MHCC for prior review, or published for notice and comment.  These include, but are not limited to: HUD’s massive expansion and re-direction of in-plant regulation; “frost-free” foundation “guidance,” which effectively modified an existing regulation; new and modified requirements for attached garages and other “add-ons;” baseless restrictions on multi-family manufactured housing; and memoranda relating to on-site completion, among other things.  Such actions – and many other similar pseudo-regulatory mandates — have significantly harmed both manufacturers (particularly smaller independent producers) as well as the industry’s post-production sector, by needlessly increasing regulatory compliance costs and simultaneously undermining the industry’s ability to compete with other segments of the housing market. Through these devices, and through the unchecked and unaccountable activities of its program “monitoring” contractor (set forth in a non-competitive contract which itself violates multiple aspects of federal law), HUD has developed – and enforces — an entire secondary tier of unlawful mandates under the guise of “interpretations” and “guidance.”

Recognizing the extremely damaging effects of such psuedo-regulation and reflecting the regulatory reform policies of the Trump Administration, the DOJ, in its rulings issued on November 16, 2017 and January 25, 2018, determined that it will no longer “use noncompliance with guidance documents as a basis for proving violations of applicable law” in civil lawsuits to enforce federal health and safety laws, such as the National Manufactured Housing Construction and Safety Standards Act of 1974, as amended by the Manufactured Housing Improvement Act of 2000.  To the extent that HUD’s manufactured housing “guidance” documents conflict with this ruling and Trump Administration regulatory policy, MHARR’s April 25, 2018 communication calls for their retraction and repeal as part of HUD’s Executive Order (EO) 13771/13777 “top-to-bottom” regulatory review of the federal manufactured housing program. Similarly, insofar as the DOJ rulings show that HUD’s 2010 Interpretive Rule is fundamentally erroneous and fatally flawed, MHARR’s communication calls once again for the repeal of that rule.

About MHARR

The Manufactured Housing Association for Regulatory Reform is a Washington, D.C.-based national trade association representing the views and interests of independent producers of federally-regulated manufactured housing. ## (News, analysis, and commentary.)

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

Turkish Mobile Home “Totter Driver,” Saluting the Transporters

April 24th, 2018 No comments

 TurkishMobileHomeWeatherChannelManufacturedHousingIndustryDailyBusinessNewsMHProNews

On the lighter side of the industry tonight, is this video of a Turkish transporter, who is pulling their version of a mobile home.

 

Lighter side?  Pretty serious stuff!

Recall that while here in the U.S., there have been no mobile homes built since June 15, 1976, when “manufactured homes” built to the HUD Code became the law, in several other nations, mobile homes still exist.

 

There is not nearly enough recognition and praise given to those who safely transport and install a manufactured home.

 

W

When a tip brought us this video, we knew it had to be shared as our way of saluting transporters and installers, here and abroad. Without those hard-working movers and installers, our industry would not be able to function.  Salute! ## (News, analysis and commentary.)

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.
Soheyla is a managing member of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com.

 

Black Conservative Candace Owens Reacts to Kanye West and “Ideological Civil War,” plus MH Market Updates

April 24th, 2018 No comments

CNNmoney4.24.2018ManufacturedHomeStocksMarketsReportsMHProNewsAs pop-culture, politics, and economics meet, a reality check is hitting America.  The nascent trend may not yet be high on many people’s radar.  But that’s why it’s worth looking at now, as the 2018 mid terms are about 6 months out.  The Kanye West/Candace Owens controversy will be out focus for tonight.

If you’re new, already hooked on our new spotlight feature – or are ready to get the MH professional fever – our headline reports are found further below, just beyond the Manufactured Housing Composite Value for today.

 

The evolving Daily Business News market report sets the manufactured home industry’s stocks in the broader context of the overall markets.

Part of this unique feature provides headlines – from both sides of the left-right media divide – that saves readers time, while underscoring topics that may be moving investors, which in turn move the markets.

Readers say this is also a useful quick-review tool that saves researchers time in getting a handle of the manufactured housing industry, through the lens of publicly-traded stocks connected with the manufactured home industry.

MH “Industry News, Tips and Views, Pros Can Use.” ©

ICYMI – for those not familiar with the “Full Measure,” ‘left-right’ media chart, please click here. 

Selected headlines and bullets from CNN Money:

  • Google’s spending spree rattles Wall Street
  • Hedge fund manager Kyle Bass will join Richard Quest on ‘Markets Now’
  • 10-year Treasury yield hits 3% for first time since 2014
  • Naked butts, crime confessions and bullying: What Facebook won’t let you post
  • Here’s a retailer opening brick-and-mortar stores
  • GE pressured to fire auditor after 109 years
  • Home prices are on an epic run
  • Diet Coke’s new flavors are a big hit
  • Cheap wine is about to get a lot more expensive
  • Seattle’s proposed tax to fight homelessness may hit Amazon hardest
  • French billionaire detained by police
  • Who loses if Trump ditches Iran deal?
  • Chicago Tribune staffers overwhelmingly back union
  • Uber CEO on diversity report: We need to improve ‘across the board’
  • Spotify revamps app for non-paying users
  • Google had a monster quarter
  • Amazon now delivers to the trunk of your car
  • We got an Amazon package delivered to our trunk
  • Facebook reveals rules on taking down controversial posts
  • Billionaire investor: It’s time to short Facebook
  • Uber faces a new threat in Mexico
  • YouTube took down more than 8 million videos in 3 months
  • Women could boost Asian economies by $4.5 trillion
  • The EU has one week to avoid a trade fight with the US

Selected headlines and bullets from Fox Business:

  • Dow tumbles more than 400 points
  • Caterpillar tumbles as ‘high-water mark’ cited by CFO
  • United Airlines CEO takes big pay cut, chairman leaves
  • Rand Paul to force Senate vote on budget-slashing bill
  • Brooks Brothers at 200: Lincoln, San Juan Hill, 9/11 and Trump
  • After tax overhaul, mortgage interest deductions seen plummeting
  • FDA cracks down on Juul, e-cig sales to minors
  • Consumer confidence rebounds: Prelude to another market rally?
  • Retail renaissance? These companies are opening new locations
  • JetBlue to sell tickets for semi-private flights
  • Strong earnings season: Why aren’t stocks benefiting?
  • Express Scripts’ plan to change drug pricing dynamic
  • Andy Puzder: Why America’s CEOs must speak out
  • Yahoo is fined tens of millions for failing to disclose data breach

 

Today’s markets and stocks, at the closing bell…

S&P 500 2,634.56 -35.73(-1.34%)

Dow 30 24,024.13 -424.56(-1.74%)

Nasdaq 7,007.35 -121.25(-1.70%)

Russell 2000 1,553.31 -8.84(-0.56%)

Crude Oil 67.86 -0.78(-1.14%)

Gold 1,332.80 +8.80(+0.66%)

Silver 16.70 +0.12(+0.71%)

EUR/USD 1.2234 +0.0026(+0.21%)

10-Yr Bond 2.95 +0.04(+1.27%)

 9MarketIndicatorsYahooFinance4.24.2018DailyBusinessNeawsManufacturedHousingIndustryStocksMarketsReportsDataMHProNews

Manufactured Housing Composite Value (MHCV)

YahooFinanceManufacturedHousingCompValue4.24.2018DailyBusinessNewsStocksMarketsDataReportsMHProNews

 

Today’s Big Movers

For all the scores and highlights on tracked manufactured home connected stocks today, see thBloomberg graphic, posted below.

Today’s MH Market Spotlight Report –

Last week, we noted that black billionaire Robert Johnson refused to be bullied by left-of-center CNBC panelists into disrespecting President Trump and his agenda.  Johnson pointed to the positive results that the Trump agenda are providing to the nation, including blacks and other minorities.

More recently, performance artists Kanye West tweeted his support for Candace Owen, who says she was a liberal two years ago, and today is pro-Trump and a self-described conservative.  She’s “evolved.”

It is way too soon to make predictions about the midterms, and what impact they will have on American business. It ought to be seen as tragic that who holds the congress and White House can have so much impact on American business and the economy, but there it is. That’s reality in 2018.  The right or wrong headlines sends the markets rising or failing, in spite of overall good economic news.


So, issues like the outcome of the 2018 midterms are indeed important.  It is entirely possible that voices like West’s, Owens’ and Johnson’s could signal a new coalition in America. If so, then don’t buy too deeply into the narrative that the president’s party has no chance. 

It’s a jump ball, and one side will outhustle – or not – the other.

 

KanyeWestCandaceOwenFoxManufacturedHousingIndustryDailyBusinessNewsMHProNews

Bloomberg Closing Ticker for MHProNews…

NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services.

NOTE: The chart below covers a number of stocks NOT reflected in the Yahoo MHCV, shown above.

NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).

4.24.2018DailyBusinessNewsManufacturedHousingConnectedMarketReportsBloombergMHProNews

Berkshire Hathaway is the parent company to Clayton Homes21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.

LCI Industries, Patrick, UFPI and LP all supply manufactured housing.

AMG, CG and TAVFX have investments in manufactured housing related businesses.

Your link to industry praise for our coverage, is found here.

For the examples of our kudos linked above…plus well over 1,000 positive, public comments, we say – “Thank You for your vote of confidence.”

We Provide, You Decide.” © ## (News, analysis and commentary.)

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SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.